Acting on behalf of private owners of St Mellion Flowers at Saltash, Monk and & Partners were appointed as sole agents to dispose of the long leasehold interest of Rendar House, Unit 2 Woodacre Court, on the established and popular Parkway Business Park at Saltash, Cornwall.
Comprising a detached 7000 sq ft industrial/warehouse unit built by Priority Sites in 2005 Monk & Partners offered the unit to the market on a sale or letting basis and subsequently secured a sale to established Bicycle retailers, Certini Cycles for warehouse/storage use.
Commercial agent and director of Monk & Partners, John Slade said “this detached industrial/warehouse unit is of a very good spec and located in a small courtyard scheme of 4 units and in the current market considered a scarce commodity hence a sale was completed. Whilst the transaction took a while to complete due in part to the log jam with the legal professions being snowed under dealing with the residential market and also the time taken to get searches returned we got it over the line to a local purchaser, Certini Cycles also located in Saltash. St Mellion Flowers relocated to alternative premises in Saltash albeit in a smaller unit at Prideaux Close on the Tamar View Industrial Estate sufficient for their purposes going forward. With the burgeoning cycle market, Certini found themselves needing additional storage space to support their Saltash retail branch also located on the Tamar View Estate and the subject premises satisfied their needs perfectly
It is true to say the Plymouth area market is now in very short supply of industrial/warehouse stock with very little existing stock coming to the market presently. Furthermore the new build schemes are tending to be let or sold off the drawing board and during construction as is evidenced by the recent schemes Monk & Partners have been involved with at Roborough and Langage, Plympton.